Canadians! How Much Money Do You Have?

Currently, the average Canadian household is more than $40,000 richer than the average American household. (According to the latest Environics Analytics WealthScapes data, the average household net worth in Canada was $363,202 in 2011; in the U.S. it was $319,970.) And these are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback. Furthermore, these figures ignore public-sector (government) debt that presumably people on both sides of the border or their children will some day have to pay. Such debt is higher in the U.S. as a percentage of GDP than it is in Canada.

New Canada tourism slogan: “Come to Canada! We’re richer than we thought we were!” or “Kiss me, I’m Canadian! (And have money.)”

Photo: Flickr/MeddyGarnet

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11 Comments / Post A Comment

“Mean,” Globe and Mail, not “average.”

@stuffisthings I’d rather be average than mean you American jerk!

@redheaded&crazy that makes no sense

heyyyyyoooooo~

(Although seeming to take into account public sector debt, seems to ignore household debt which Canadians have a ton of)

not me though (at least, not too much)! I’m marriage material baby!

Kate (#1,408)

YEAH WE ARE.

Megano! (#124)

I don’t have any money whatchoo talkin’ about?

theotherginger (#1,304)

today I saw an article in the National Post (conservative paper) that seemed to argue that the differences, reportedly because of our hard-nosed socialism, were minor. Still, come to Canada, and we will have a pin-up ready. Or a bill-up for the billfold?

Fig. 1 (#632)

Net worth? Are they counting the value of your house that you’ve only put 10% down on? (Also, up until last month, you could take out a home equity line of credit worth 85% of the value of your house. Incidentally, RV and boat dealers around here have been getting a lot of business.)

Robin (#1,320)

I have nothing to contribute to this, except the obligatory Suck it, ya hosers!

Comments are closed!